B. Riley Issues Pessimistic Forecast for Universal Electronics (NASDAQ:UEIC) Stock Price

Universal Electronics (NASDAQ:UEIC) had its target price dropped by investment analysts at B. Riley from $5.00 to $3.50 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. B. Riley’s target price would suggest a potential upside of 6.09% from the stock’s current price.

Several other analysts also recently issued reports on UEIC. Rosenblatt Securities downgraded shares of Universal Electronics from a “buy” rating to a “neutral” rating and set a $8.00 target price on the stock. in a research note on Friday, August 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of Universal Electronics in a research note on Wednesday. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $5.75.

Universal Electronics Trading Down 7.8%

UEIC traded down $0.28 during trading hours on Monday, hitting $3.30. The company’s stock had a trading volume of 127,755 shares, compared to its average volume of 71,744. Universal Electronics has a fifty-two week low of $3.03 and a fifty-two week high of $12.50. The firm has a market capitalization of $44.00 million, a PE ratio of -2.62 and a beta of 1.63. The company has a 50-day simple moving average of $4.47 and a 200 day simple moving average of $5.58.

Universal Electronics (NASDAQ:UEIC) last posted its quarterly earnings data on Thursday, November 6th. The technology company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. The business had revenue of $90.55 million during the quarter, compared to the consensus estimate of $96.07 million. Universal Electronics had a negative net margin of 4.07% and a negative return on equity of 1.02%. Universal Electronics has set its Q4 2025 guidance at 0.010-0.110 EPS. Research analysts expect that Universal Electronics will post 0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Universal Electronics

A number of institutional investors have recently modified their holdings of the company. Wellington Shields & Co. LLC bought a new position in Universal Electronics in the 1st quarter worth $45,000. Hsbc Holdings PLC bought a new stake in Universal Electronics during the first quarter valued at about $118,000. Peapod Lane Capital LLC grew its position in shares of Universal Electronics by 13.7% in the second quarter. Peapod Lane Capital LLC now owns 126,085 shares of the technology company’s stock valued at $835,000 after purchasing an additional 15,203 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Universal Electronics by 2.9% in the first quarter. Acadian Asset Management LLC now owns 520,200 shares of the technology company’s stock worth $3,179,000 after purchasing an additional 14,765 shares during the period. Finally, Corton Capital Inc. acquired a new position in shares of Universal Electronics during the 2nd quarter worth about $192,000. Institutional investors own 79.35% of the company’s stock.

Universal Electronics Company Profile

Universal Electronics Inc designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People’s Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers.